Tax deduction at source adjustment: salaried taxpayers can supply other income and house property loss to adjust TDS. The substituted sub-section (2B) allows a salaried assessee with income under other heads or loss from house property to send prescribed, verified particulars to the salary payer so that the payer shall take such other income, any tax already deducted thereon, and the house property loss into account for purposes of tax deduction at source under section 192(1), subject to a proviso that tax deductible from salary is not reduced except where the house property loss has been taken into account to lower taxable salary below the amount that would have been deductible absent consideration of the other income and tax.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax deduction at source adjustment: salaried taxpayers can supply other income and house property loss to adjust TDS.
The substituted sub-section (2B) allows a salaried assessee with income under other heads or loss from house property to send prescribed, verified particulars to the salary payer so that the payer shall take such other income, any tax already deducted thereon, and the house property loss into account for purposes of tax deduction at source under section 192(1), subject to a proviso that tax deductible from salary is not reduced except where the house property loss has been taken into account to lower taxable salary below the amount that would have been deductible absent consideration of the other income and tax.
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